CUP
Iota preparing for MASSIVE move!Note the following from my 15m chart:
A) Iota is currently in an ascending triangle (uptrend). It is also running out of space and looks like it will break around 4pm EST.
B) The 50 day moving average is currently acting as a support.
C) A cup and handle has formed which is a strong indicator of an up move.
D) The key here is the purple resistance line, it has already tried to break a few times (see long wicks where price was rejected). If it breaks the resistance, expect a massive move up.
Altcoin MCAP - potential Cup + HandleLooking at the altcoin market cap, we have a potential cup and handle formation.
Potentially, the cup last a longer time to 'fill' before launch but it could also happen within the next 30-45 days.
Bitcoin could see 9.7k and likely flirt with 10k and support these prices for a week or so before correction.
Our hope is that Bitcoin's price remains stable long enough to support the flow from bitcoin into alts before said correction ensues for the entire crypto market. (Maybe)
ltcbtc chart at a cross roads.We can see LTC had a very ncie pump against btc after its ltcbtc golden cross occurred on the daily....it has since corrected and appears like it may have a chance at triggering a cup and handle pattern...however the threat of a 1 day ltcbtc death cross quickly approaches. If the death cross is to materialize this cup and handle pattern will most likely fail...and on the flipside validating this cup and handle pattern could help prevent the death cross...so for now against btc ltc is at a cross roads and could easily continue either way, For this reason this idea will remain neutral.
LTC has an opportunity to reach $179 if it confirms daily c&hLooking very bullish breakout should likely be confirmed soon enough. This is essentially just saying the same thing as my march ltcusd chart says, except now the handle of the cup and handle is not only an inv H&s but a smaller cup and handle itself as well.
BTC - The perfect Cup and HandleI'm posting this daily chart as an example of a perfectly executed Cup and Handle pattern. This is more educational than current analysis because it has already happened.
Once the top, bottom, and handle of the cup are established the future target price is easily calculated by taking the depth of the cup and adding to the top of the cup. In this case the minimum target price was around $8,201 which is exactly where it hit. I love it when a pattern completes as expected!.
For more information on the cup and handle pattern see: thepatternsite.com
EOS - is it noticeable yet? Cup and handle has broke out. Taking the difference between the bottom of the cup and the bottom of the handle and adding it to the top of the handle, we can expect about a $3.78 increase up to about $8.50. If the entire market holds up for a week or two, EOS has potential to reach the target. Good luck trading
BNB - is this an inverted cup and handle?Ive been watching this on the 4 hour for a while. The right side is slightly shorter than then left side, but the distance from the "top" of the cup to the bottom of the right lip is not small. Watching to see how this develops, but with the recent news and peoples tendency to use BNB as a stablecoin it may not play out naturally.
ADA is SO Beautiful - Her Beautiful Curves Can Make You Rich!Wow! You can NOW make 50 % on ADA. Isn't she lovely!
A beautiful Cup - Remember we prefer them round. V shape is baah. And then a handle - We don't want them too big, neither too small. Gotta fit in the hands.
And ADA has it all!
Time to Get it LONG!
Cup and handle - Great fundamentalsI bought this asset yesterday - not quite perfect cup and handle, but really nice looking.
Now approaching 10 week average.
Fundamentals looking great.
+250% growth in rev YoY
EPS YTY from (0.40) to 0.12
I see big potential in this one.
This is no trading advice - just an idea I'd like to share with you.
Cup and Handle Reversal with Bullish Symmetrical TriangleHey everyone,
I have been seeing this possibility in the charts and the daily. We could have a double bottom into a cup and handle reversal. We have a potentially bullish symmetrical triangle in the handle as well. If this plays our we could launch into 6.8k in two months for a full retest of 6.8k. I'm an amateur, and this is not trading advice. This is simply a suggestion based off of some research. Let me know what you think. Open to any and all feedback and interpretations.